Q2 (NYSE:QTWO) Now Covered by Analysts at JPMorgan Chase & Co.

Stock analysts at JPMorgan Chase & Co. assumed coverage on shares of Q2 (NYSE:QTWO) in a research note issued on Wednesday,Benzinga reports. The brokerage set an “overweight” rating and a $115.00 price target on the technology company’s stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 33.83% from the company’s current price.

A number of other equities research analysts have also weighed in on the stock. Compass Point restated a “neutral” rating and issued a $60.00 price objective on shares of Q2 in a report on Monday, April 7th. The Goldman Sachs Group lowered their price target on shares of Q2 from $119.00 to $106.00 and set a “buy” rating for the company in a research note on Friday, March 28th. Stifel Nicolaus raised their price objective on Q2 from $100.00 to $105.00 and gave the company a “buy” rating in a research note on Thursday, May 8th. Morgan Stanley boosted their target price on Q2 from $89.00 to $93.00 and gave the company an “equal weight” rating in a research note on Thursday, May 8th. Finally, Raymond James Financial dropped their target price on Q2 from $110.00 to $105.00 and set an “outperform” rating for the company in a report on Thursday, May 8th. Eight equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $100.41.

Q2 Stock Performance

Shares of NYSE QTWO opened at $85.93 on Wednesday. The stock’s 50-day moving average is $84.11 and its 200 day moving average is $88.84. The stock has a market cap of $5.35 billion, a price-to-earnings ratio of -245.52 and a beta of 1.48. Q2 has a 1-year low of $55.97 and a 1-year high of $112.82. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.55.

Insider Activity at Q2

In other Q2 news, General Counsel Michael S. Kerr sold 397 shares of the company’s stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $92.90, for a total value of $36,881.30. Following the completion of the transaction, the general counsel now directly owns 58,441 shares in the company, valued at approximately $5,429,168.90. This represents a 0.67% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CRO Michael A. Volanoski sold 1,166 shares of the company’s stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $90.55, for a total transaction of $105,581.30. Following the completion of the transaction, the executive now owns 177,240 shares of the company’s stock, valued at $16,049,082. This trade represents a 0.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 40,014 shares of company stock worth $3,251,601 in the last three months. 3.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Proficio Capital Partners LLC bought a new position in shares of Q2 in the 4th quarter worth about $29,000. SBI Securities Co. Ltd. bought a new position in shares of Q2 in the 4th quarter worth about $30,000. TCTC Holdings LLC bought a new position in shares of Q2 in the 4th quarter worth about $30,000. Versant Capital Management Inc bought a new position in shares of Q2 in the 1st quarter worth about $33,000. Finally, WPG Advisers LLC bought a new position in shares of Q2 in the 1st quarter worth about $35,000.

About Q2

Q2 Holdings, Inc provides cloud-based digital solutions to regional and community financial institutions in the United States. The company offers Digital Banking Platform, an end-to-end digital banking platform supports its financial institution customers in their delivery of unified digital banking services across digital channels.